Occidental Petroleum Corp. (NYSE:OXY) shares climbed in Wednesday's extended trading after the company released its fourth-quarter earnings report, beating analyst estimates.
Here's a look at the details from the quarter.
Q4 Details
Occidental Petroleum reported quarterly earnings of 31 cents per share, which beat the analyst estimate of 18 cents by 67.57%, according to data from Benzinga Pro.
The company reported the following fourth quarter highlights:
- Strengthened the balance sheet with the completion of the OxyChem sale on Jan. 2, 2026,
reducing debt by $5.8 billion since mid-Dec. 2025 and bringing the principal debt to date to
$15 billion
- Total company production of 1,481 Mboed exceeded the high end of guidance.
- Midstream and marketing pre-tax adjusted income exceeded the high end of guidance.
- Worldwide year-end proved reserves of 4.6 billion BOE with an all-in reserves replacement ratio of 98% and organic reserves replacement ratio of 107%.
"Our emphasis on operational excellence and cost efficiency drove meaningful production and operating expense outperformance during the fourth quarter," said CEO Vicki Hollub.
OXY Stock Price: According to data from Benzinga Pro, Occidental Petroleum stock rose 2.71% to $48.50 in Wednesday's extended trading.
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